Post
Topic
Board Speculation
Re: Bitcoin just hit $675 on GDAX.....fasten your seatbelts
by
1Referee
on 28/10/2016, 08:51:18 UTC
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The current increase is a welcome happening, but it doesn't really gets me excited to be honest. I am more waiting for some heavy volatility where I as a trader can greatly benefit from as that is what I am waiting for. The coins I have in my cold wallets will remain there for a price far beyond the $700 level.

A volatile market is good for traders. In that way I miss the lows of long time ago, where you could get really nice profits from days to days on btc alone. I'm happy with the rising price, though I'm currently low on stock. I think a correction might happen reaching 800$ regions again.

If we really are heading towards the $800 level, then before hitting that level we will for sure see a massive correction. It's inevitable as large traders and smaller fishes will secure profits. My guess is that this will happen just before $750 which is also where I am going to secure profits at. Better safe than sorry.

because   it would definitely  goes down again   just as expected.

And that is exactly what I as a trader anticipate on by securing profits at the right times. I rather secure profits sligtly sooner, than waiting for the ultimate moment where I scoop up a bit more profits, where the chances are high that you miss out big time if have miscalculated the situation.

Something else; I think it's good if you look more at how you write your posts. Right now your posts contain too many spaces in between each word. It will make your posts much more pleasurable to read if you stop using that many spaces in between each word.